1900 Mountain BlvdOakland, CA 94611

Property Details for 1900 Mountain Blvd

Year built

1984

Construction

WOOD

Lot size

0.38 AC

Property size (Sq ft)

816 SF

Property type

Office properties

Property subtype

Office buildings

APN

48F-7365-40

APU

48F736540

Description

This exceptional Class A office complex, located at 1900 Mountain Blvd in Oakland, CA's desirable Montclair neighborhood, presents a compelling investment opportunity. The property comprises two commercial condominiums totaling 10,000 square feet of rentable space within a single, one-story building constructed in 1984 and renovated in 2020. Currently vacant, this property offers significant potential for owner-users or investors seeking a repositioning project. The asking price is $2,998,000, representing a compelling 12.01% cap rate based on a net operating income (NOI) of $360,000. The property features high-end interior finishes, including hardwood flooring, a common lobby bathroom, and an elevator. Nine parking spaces are available in an enclosed, gated garage. The building sits on a 16,738 square foot lot and boasts a prime location across from Montclair Park, adjacent to Montclair Elementary School, and within walking distance of numerous retail amenities, including Safeway, Rite Aid, Lucky Supermarket, CVS, U.S. Bank, and the post office. The surrounding area is home to other professional offices, solidifying its position in a thriving commercial district. The property's former tenants included Compass Real Estate, occupying 7,735 square feet, and Guaranteed Rate, occupying 2,570 square feet. The property is offered fee simple. The property's location in the coveted Montclair neighborhood, near hiking trails and parks, adds to its appeal. The lease type is Absolute NNN. The building has a total of 10,570 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $226,015

  6.5%

  $208,629

  7%

  $193,727

• Comparable approach

  Method

  Valuation

  Relative Method

  $208,229

  Geo Method

  $227,591

• Alternative Use

  Use

  Valuation

  Residential

  $258,700

  Hospitality

  $236,968

  Educational

  $197,155

  Medical

  $203,935

  Retail

  $306,685

Location Insight

City

Oakland

County

Alameda

State

California

Latitude

37.8291

Longitude

-122.211

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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